The senior administration official said that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.”
Under the plan, a taxpayer’s tax-preferred retirement account, like an IRA, could not finance more than $205,000 per year of retirement – or right around $3 million this year.
Awesome, strip all of them of their savings!..I love it. May the chains that bind these Collectivists weigh heavy on their shoulders.
Good one Bill!
ReplyDeleteWho defines what is reasonable?
These socialists are becoming more ridiculous and cartoon-like with every passing day.
This and the subsequent hair cuts will force all retirement saving to reside in a mattress. Become your own central bank.
ReplyDeleteShawn